This property looks like a bad Airbnb investment with a projected -18.63% first-year return on $135k initial cash invested.
-18.63%
Cash On Cash
1.99%
Cap Rate
0.32
DSCR
$3,598
Rent
-$2,092
Cashflow
Cash Flow
$3,598 income − $5,690 expenses = $2,092 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,559
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,598
Total Expenses
$5,690
Mortgage P&I
80%
$2,871
Property Taxes
25%
$899
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$540
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$900